Ellspermann Susan J 4

What Happened Susan J. Ellspermann, a director of German American Bancorp (GABC), acquired 21.954 shares on 2026-06-15 at $45.55 per share, for a total reported cost of $1,000. This was a purchase (a net addition to her holdings), executed through the issuer's Dividend Reinvestment and Stock Purchase Plan.

Key Details

• Transaction date and price: 2026-06-15, 21.954 shares at $45.55/share (total $1,000).
• Filing date: Form 4 filed 2026-06-17 reporting the 6/15 transaction.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — purchase effected pursuant to a prior election to use a portion of director compensation to buy shares via the Dividend Reinvestment and Stock Purchase Plan; F2 — includes additional shares acquired under the Dividend Reinvestment Plan.
• Transaction type code: P = Purchase (open market/private purchase via plan).

Context This was a routine, plan-based buy using director compensation to acquire shares (including fractional shares via the DRIP), rather than a one-off open-market trade by choice. The amount is small ($1,000) and likely reflects regular reinvestment rather than a discretionary large-scale investment. As with all insider filings, this is factual reporting of the transaction and should not be taken as a definitive signal of future company performance.